divislabDivislab made butterfly pattern on 30 min TF with good volumes.
Could be bought only above 3350, as it confirms pattern
With mentioned stoploss & target.
DIVISLAB trade ideas
DIVISLAB GO LONG divislab still sl valid go long given on charts ...pehle bhi diya hai abhi tak valid hai sl break nahi hua
Divis Lab Trend AnalysisA debt free large cap company with strong fundamentals.
Technically bearish as price broke the neckline of Head & Shoulder pattern.
Bullish divergence with RSI indicating reversal can happen but RSI hasn't entered the bearish oversold range of sub 25 levels.
As per Head & Shoulder pattern, the technical target is around 1850 level which lies at golden Fib zone to add confluence.
Good to accumulate around 1800-2000 levels for the following targets:
Medium term swing target @ 4300 (132% ROI)
Long term swing target @ 6750 (264% ROI)
Long term positional target @ 8400 (354% ROI) 3-4 years holding period.
Previous rally gave more than 900% returns in 4 years & 5 months so my targets are realistic.
If you wish to buy above the said levels then better to do SIP monthly rather than investing in one go.
Do your own due diligence before taking any action.
Peace!!
Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories:
Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers.
My view is neutral at the moment for the below observed technical factors.
Points as per TA on a Weekly Chart:
1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously.
2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below:
3. Currently under downtrend channel on a weekly chart as per below:
4. Contracting triangle formation inside downtrend channel as per below:
5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below:
6. Trading way above 200 EMA & below 20 EMA on a weekly chart.
7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing .
8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing.
9. MACD above signal line on weekly & below on daily chart.
10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell.
11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend).
Long Entry : if the price breaks above contracting triangle & breaks downtrend.
Short Entry : If price breaks below the contracting triangle and support zone.
Projected Target: provided in the chart as per bearish bat Crab harmonic pattern.
Stop Loss: Enter only if it breaks downtrend & contracting triangle.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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DIVISLABDIVISLAB..
As I saw weakness in NIFTY PHARMA INDEX... I found weakness in some pharma stocks also... like DIVISLAB
.
On my radar for further price decrease
Divi's Laboratories Long Term Technical Analysis :
-- Strict Stop Loss = 3150
-- Risk : Reward = 1 : 3
-- Target - 1 = 4059
-- Target - 2 = 4597
-- Target - 3 = 4988
-- Strong support at 3039.
-- Re enter the trade at 3185
-- Touching 200 EMA
Fundamental Analysis :
-- Divi's Lab has a healthy ROE.
-- Over the last 5 years, revenue has grown at a yearly rate of 17%
-- ROCE: Maintaining healthy ROCE of 31.64% (1 year), 28.31(3 years), and 26.9% over the past 5 years.
-- Healthy dividend payout
-- Debt-to-Equity: Divi''s Lab has a Debt to Equity ratio of 0.00
-- CAGR: 10 years - 19%
-- Cash Flow: Positive cash flow over the last 5 years
-- P/E ratio: 10 years PE is close to the average PE. So Stock is not overvalued
divislabDivislab made classic HAMMER pattern on daily charts & trading strong with good volumes. As long as it stays above yesterday's low consider it as reversal.
Could be bought with mentioned stoploss & target.
Aggressive traders can add more above 3325 as it confirms 3 candle reversal pattern.
Interesting days ahead for Divis, will it break bearish trend?It's an interesting set up for Divis labs where it took support ~3220-3240 and going towards immediate resistance 3440.
However, bearish trend to have an upper hand given last 9 months movement.
Fingers crossed and next 4-6weeks is key for scrip. Short term positions will be with below support csnd resistance points.
Down -- 3000, 2800, 2400
Up ---3440, 3500,3750,3950
Divis lab bullish reversal on hour daily and weekly timeframeDivis lab moving in a tight box for last two weeks and break upside on friday. On weekly tf, it took support from 200ema followed by doji and this week closing above doji, clearly indicating an upmove in coming weeks. On daily and hourly tf, BO from box after 2week consoy. Also parent index, niftypharma, close above 50 and 200ema, which support the move will continue upside.
DIVISLAB READY FOR BREAKOUTDIVISLAB is ready to breakout from triangle pattern. expected a rally after retest. Do your analysis and comment
DIVIS LABDivis lab 1 day chart 3960 could be react as resistance zone and it is already down by 30% from its all time high
DIVISThe company is engaged in production of leading generic APIs, Nutraceutical ingredients and custom synthesis of APIs and intermediates for global companies.
It has a product portfolio of 122 products across various therapeutic areas.
Current Price
₹ 3,278
Stock P/E
29.1 , after 3 years it is back to Median PE of 29
Book Value
₹ 457
Promoter holding
51.9 %
Debt
₹ 3.29 Cr.
Pledged percentage
0.00 %
Debt to equity
0.00
Price to book value
7.13
PEG Ratio
1.28
Stock is below 200 / 100 / 63/21/10 EMA
BELOW 50% Retracement in Fibnocci
Can be accumulated for long-term / SIP , considering its fundamentals
DIVIS LAB stock fall started?? Accounding my levels Divis slab going to fall a huge value in comming days.. 3804 is major demand zone it change as a supply wait for retest.. next demand for this 2512
DIVISLABmarket will ready to down soon so make you fund to invers in target price my point of view jan 2023 we will plan to buy
DIVISLAB sell for intraday tradingDIVISLAB sell for intraday trading if stock and PHARMA sector was also weak then we will enter in trade......
Divisilab: Watch out for weekly chart breakdownThe weekly chart shows the stock is moving in a contracting triangle.
If you extend the lower end of the triangle on the left side, we can see that the extended trendline marks swing highs registered during the bull run of 2014-2015.
That makes the lower end of the triangle all the more important. So, potential breakdown could bring sharp losses.
DIVISLAB Buy for intraday tradingDIVISLAB Buy for intraday trading if stock break the given resistence level............
Will the history repeat for Divis Labs? It's not uncommon for Divis to see 60% drawdowns. There have been multiple instances in the past and I don't believe this time it will be different. Cautious times!
Divislab Near Break Out level.if Divislab break the level of Rs. 3754 and remain at this level there is a good buying opportunity for target 3950 and 4400 in long term.
DIVIS LABDIVIS LAB one day chart it test its strong strong support and pull back on weekly chart we can see clearly
DIVIS LAB - OnRADAR - Waiting for breakoutDivis Lab we are waiting for breakout. stock have corrected significantly but not hurry to take trade.
I am planning to add to long term portfolio. but will add once it breakout by horizontal line which confirms consolidation is complete.
Keep it on Radar. If this help, please message me
